St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-30
YESTERDAYS MARKET.
On the Chicago Board of Trade No New
Features of Interest We're
Noticeable.
The Deals Consisted Mainly in Changing
May Contracts to the Deferred
Deliveries.
However, the Pressure to Sell Wheat
on Next Months Account Was
Strong.
Transactions in the Einan cial Circles
of Wall Street--General
Quotations.
Special to the Globe.

CHICAGO, April 29.-The Legitimate mar
ket influences were all bullish to-day. At
Milwaukee Armour i Co. said that they were
loading 100000 bushels of cash wheat onto
vessels which would go to the seaboard to go
abroad. Kershaw & Co. wanted about $50, 900
bushels of wheat there to-day, and it is said
that some wheat was sold out of the Joliet
elevator. Fifteen boat loads were reported
taken at New York before noon. In the pit
tue trading was narrow. The clique houses
were open buyers of June, and had, it was
claimed, an unlimited order to take wheat for
his month at S21ac or under. The same
houses were also selling May wheat; but
whether this was clique or ''tailers' property
nobody pretended to say. As the day wore
Oh it was apparently accepted as beyond
doubt that KerShaw s. Co., ROSenfeld g. Co.
and George E. Walker s. Co. would take in
and pay tor all the cash wheat offered them.
During the progress OF the market block of
100000 bushels cash wheat was offered by
broker in behalf OF Billy Linn at price
under May, without takers.
1T EXCITED NO COMMENT,
however. The clique is apparently in the
business now of alaying and not increasing
the excitement. 1t is making no bluffs. The
deal so far has greatly confused opinion on the
floor. William Dunn says: 1.-The clique has
lost its grip on the May option: and while it
will undoubtedly try to get q line for June to
repeat the milling process, l don't think
their chances are so good as they were. The
short interest will not be as large as it was.
ellers bitten once will not enter the trap
agaiu. Hiram Wheeler says; There have
been more cliques than one in the market,
and there has been no concert of action. 1t
is not possible to tell how profitable the May
operations have been. 1t looks as if Rosen-
field Co. and Walker Co. would certainly
pay for their wheat, and as if all the cash
here would be held in May by the clique"
y. B. Ream advises the sale of wheat. Nat
Jones says that he has not tried to keep up
with the clique operators, and does not know
anything about them. Wheat was as steady
to-day as it was weak and uncertain yester-
day Points were plenty again. Among
others there was one that the clique checks
10 pay for the cash wheat had arrived, and
were all on the Chemical National bank.
That great deal of money has recently been
sent here from New York was made plain,
too, by the sudden appearance of go cent
discount on New York drafts. People who
wanted New York drafts were accommodated
cheerfully; people who had drafts to sell had
10 pay.
THE ROUTINE REPORT.
CHICAGO, April 29.-No new features of
interest were developed in the wheat trade to-
day. Trading consisted mainly in changing
May contracts to the deferred deliveries and
the latter were quite firm. The pressure to
sell wheat on account of May was quite
strong and the price broke of ssc during the
first few minutes. June opened steady at
S212c, sold off to S23sc, rallied S31sc, in the
latest trading and closed 12c higher than yes
terday. The clearings for the seaboard were
10000 bu. Traders are still very uncertain
about the market and the feeling in the trade
continues to be one of extreme nervousness.
There was only fair trade in corn. The
shade higher. Oats quiet and ensier,
but closed unchanged. Mess pork was
marked up 81 per barrel for settlement,
though free open trades were made. Lard
was in little better speculative demand and
closed Toe per 100 lbs higher. Short ribs
closed 15c higher.
fa a.! THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2. April, opened at SOC, clos
ing at 5000; May, soc, closing at Sl1sc;
June, ss14e, closing at sS1sc; July. .s2zac,
e eosng at at Nav se e,osn Ap st
June, sec. closing at 891ac: July, 40Ic,
closing at 41Ac. Oats-No. 2, April, 261 sc,
closing at 2639c; May. 265sc, closing at 27c;
June, 2s1sc, closing at 2S3ac; July, 2s5so
closing at 2s5se. Mess pork, per barrel
oass 81 .ss CLOSING ns st. SEC sosn May y 81
Lard, per 100 pounds-April, $685., clos
ing at s7.O5: May, $685., closing at
$7.05; June, $T.05, closing at $7.15; July.
$7.12A, closing at $7.25. Short ribs, per 100
Pounas-Aprll, Si.6U, closlng at S1.IZla; May
$3.50, closing at $7:7ak: June. $40, clos
ing at s7.s711; July, $3.50, closing at 81 1919.
Cash quotations were as follows: Flour quiet
and unchanged. Wheat-No 2 spring, s0ssc;
No. spring, 73o; No. 2 red, SO1. Corn
No. 2, 87ss@37ssc. Oats-No. 2, 261a@2634c.
Seed--No. j, S1o61a. Timothy Seed-Prime,
Sl.62G1 63. Mess pork. per Dbl, s2O.75@22.
Lard, per 100 lbs, sos. Short ribs sides,
loose, SE721z@7.75; dry salted shoulders.
boxed, S5.90@8; short clear sides, boxed, $50
S.05. Whisky, distillers' finished goods, per
wheat, lis. 600 bu; corn, 81, 600 bu; oats. lie.
900 bu; rye, 4.oOL bu; barley, $4,000 bu. Ship
ments-Flour, 5000 bbls; wheat, 11,OOO blu {:
corn, i3S,000 bu; oats, $1,000 bu. On the
produce exchange to-day the butter market
wis steady; creamery, 16G221ac per u; dairy,